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‘Old Pang’ spends another €15 million at Saab
Wed, 01 Jun 2011Pang Qing Hua - Pang Da boss - thinks Saab are 'Great, great, great'! The ‘Old Pang’ bit isn’t our derogatory name for the head of China’s Pang Da – who are busy getting in to bed with Saab – but is how the Beijing Times referred to Pang Da boss Pang Qing Hua on his return from Saab; ’Old Pang Returns from Sweden’, they said. We have no idea how old Pang Qing Hua is, but he’s old enough to have amassed a few bob from owning a huge car distribution network in China, and is flush with cash from a recent floating.
StarTech brings Land Rover, Jaguar tuning options to U.S.
Mon, 14 Feb 2011StarTech is now offering its tuning packages for Land Rover and Jaguar models in the United States, the division of German tuning company Brabus said on Monday. StarTech customized both the interior and exterior of the Range Rover and Range Rover Sport models. Both get 22-inch StarTech Monostar IV alloy wheels and custom-tailored body components.
Saab gets more cash from China partner
Wed, 01 Jun 2011Saab has received another cash boost from its new China partner Pang Da with an additional order for 630 cars, worth 15 million euros or $21.7 million at current exchange rates. The order comes on top of an order for 1,300 cars worth $43.3 million (30 million euros) received by Saab from Pang Da in May. The Chinese company will pay in advance for the order and delivery of the vehicles will start in the third quarter, Saab said.